O’Brien’s oil giant back in the black
Blue Ocean Associates has returned to the black, posting pre-tax profits of stg£4.6 million (€5.7 million) for last year.
Blue Ocean Associates, a British oil giant majority owned by Denis O’Brien, has returned to the black, posting pre-tax profits of stg£4.6 million (€5.7 million) for last year.
Revenues at the company, which trades as Harvest Energy, remained static at £4.6 billion, despite the company saying that the fuel business in the UK was both oversupplied and highly competitive.
Blue Ocean had slumped to a £7.8 million loss in 2012, after it...
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